{"id":3948,"date":"2018-04-13T11:30:09","date_gmt":"2018-04-13T06:00:09","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=3948"},"modified":"2021-08-11T14:52:13","modified_gmt":"2021-08-11T09:22:13","slug":"corporate-and-professional-updates-13th-april-2018","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-13th-april-2018\/","title":{"rendered":"CORPORATE AND PROFESSIONAL UPDATES 13TH APRIL 2018"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69ed82dc5fc12\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ed82dc5fc12\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-13th-april-2018\/#Direct_Tax\" title=\"Direct Tax:\">Direct Tax:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-13th-april-2018\/#Indirect_Tax\" title=\"Indirect Tax:\">Indirect Tax:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-13th-april-2018\/#FAQ_on_E-WAY_BILLS\" title=\"FAQ on E-WAY BILLS:\">FAQ on E-WAY BILLS:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-13th-april-2018\/#MCA_Updates\" title=\"MCA Updates\">MCA Updates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-13th-april-2018\/#RBI_updates\" title=\"RBI updates\">RBI updates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-updates-13th-april-2018\/#Key_Dates\" title=\"Key Dates:\">Key Dates:<\/a><\/li><\/ul><\/nav><\/div>\n<p style=\"text-align: justify;\"><img decoding=\"async\" src=\"https:\/\/www.agdenetim.com\/mp-include\/uploads\/2015\/03\/1425307532_banner2.jpg\" alt=\"Image result for CORPORATE AND PROFESSIONAL\" \/><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Direct_Tax\"><\/span><span style=\"text-decoration: underline;\"><em><strong>Direct Tax<\/strong><\/em><\/span>:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul style=\"text-align: justify;\">\n<li>Delhi High Court held that\u00a0Reopening after 4 years with approval of DIT instead of JCIT is invalid Yum! Restaurants Asia Pte. Ltd. Vs. Dy. DIT &amp; Ors. (Delhi High Court)<\/li>\n<li>HC: Dismisses Revenue\u2019s appeal; Confirms location savings, human &amp; supply-chain intangibles TP-adjustment deletion[TS-230-HC-2018(DEL)-T P]<\/li>\n<li>ITAT: Can\u2019t exclude companies with opera<\/li>\n<li>ting losses considering functional similarity and profits at GP-level\u00a0[TS-188-ITAT-2018(Kol )-TP]<\/li>\n<li>Madras HC refuses to lift attachment on <a href=\"https:\/\/carajput.com\/blog\/tag\/income-from-immovable-property\/\">immovable property<\/a> purchased by petitioner from a tax defaulter, noting that demand notice under Rule 2 of second schedule (as mandated u\/s. 281) was served upon tax defaulter prior to the execution of the sale transaction, remarks that \u201cThe moment such a notice was served \u2026, by virtue of Rule 16(1) of the second schedule, he became incompetent to deal with the property.\u201d[TS-166-HC-2018(MAD) ]<\/li>\n<li>CBDT gives Clarification regarding applicability of standard deduction to pension received from former employer<\/li>\n<li>Shares of unquoted shares to be taxed at (deemed) fair value<\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Indirect_Tax\"><\/span><strong><em><span style=\"text-decoration: underline;\">Indirect Tax:<\/span><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul style=\"text-align: justify;\">\n<li>CESTAT Delhi held\u00a0the finished products which are different types of food preparations and are new marketable products and are liable to excise duty subject to due classification as available in the Central Excise Tariff.M\/s Bharat Hotel Limited Vs CCE (CESTAT Delhi)<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>Central Board of Indirect Taxes and Customs gives Clarification on issues related to furnishing of Bond\/Letter of Undertaking for exports \u2013 Reg.<\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"FAQ_on_E-WAY_BILLS\"><\/span><strong><em><span style=\"text-decoration: underline;\">FAQ on E-WAY BILLS:<\/span><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul style=\"text-align: justify;\">\n<li><span style=\"text-decoration: underline;\">Query:\u00a0<\/span>In case the consignor or consignee is not having, what is to be entered in <a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GSTIN<\/a> column?<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li><span style=\"text-decoration: underline;\">Answer:\u00a0<\/span>If the\u00a0consignor or consignee is unregistered taxpayer and not having GSTIN, then the user can enter URP (Unregistered Person) in the corresponding GSTIN column.<\/li>\n<\/ul>\n<p><strong><a href=\"https:\/\/carajput.com\/blog\/all-you-know-about-documents-required-under-the-gst-refund-system\/\">More read : all you know about documents required under the gst refund system<\/a><\/strong><\/p>\n<p><strong><a href=\"https:\/\/carajput.com\/blog\/situations-that-which-may-lead-to-a-gst-refund-of-claims\/\">More read: Situation in which lead to claim GST refund<\/a><\/strong><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"MCA_Updates\"><\/span><strong><span style=\"text-decoration: underline;\">MCA Updates<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul style=\"text-align: justify;\">\n<li>Directors disqualification is being removed by filing writ petition in the High court.\u00a0 Last date to approach High court isApril 30, 2018.<\/li>\n<li>Extension to 30.04.2018 of last date to file AOC-4 XBRL e-Forms using Ind AS. MCA General Circular No. 01\/2018.<\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"RBI_updates\"><\/span><strong><em><span style=\"text-decoration: underline;\">RBI updates<\/span><\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul style=\"text-align: justify;\">\n<li><a href=\"https:\/\/carajput.com\/rbi-consulting.php\">RBI<\/a> increased the bond investment limit for foreign portfolio investors (FPI) by\u00a00.5 per cent to 5.5 per cent of outstanding stock of securities in 2018-19 and 6 per cent of outstanding stock of securities in 2019-20.<\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Key_Dates\"><\/span><strong><em><span style=\"text-decoration: underline;\">Key Dates<\/span><\/em><\/strong><strong><em>:<\/em><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul style=\"text-align: justify;\">\n<li>Due date for payment of <a href=\"https:\/\/carajput.com\/pf-esi.php\">PF<\/a> for the month of March:\u00a015.04.2018<\/li>\n<li>Filing of <a href=\"https:\/\/carajput.com\/gst\/gst-return.php\">GSTR-4<\/a> for jan-2018-march-2018: 18.04.2018<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Direct Tax: Delhi High Court held that\u00a0Reopening after 4 years with approval of DIT instead of JCIT is invalid Yum! Restaurants Asia Pte. Ltd. Vs. Dy. DIT &amp; Ors. (Delhi High Court) HC: Dismisses Revenue\u2019s appeal; Confirms location savings, human &amp; supply-chain intangibles TP-adjustment deletion[TS-230-HC-2018(DEL)-T P] ITAT: Can\u2019t exclude companies with opera ting losses considering &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,150,172,9,4],"tags":[1244,1209,1245,1217,1193],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3948"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=3948"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3948\/revisions"}],"predecessor-version":[{"id":15415,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3948\/revisions\/15415"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=3948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=3948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=3948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}